Consolidated Bank of Kenya

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Industry Financial Services
Founded 7 December 1989; 27 years ago (1989-12-07)
Headquarters Nairobi, Kenya
Key people
Dr. Benson Akong'o Ateng'
Thomas Kipkemei Kiyai
Managing Director
Products Loans, Checking, Savings, Investments, Debit Cards
Revenue Increase: Aftertax: US$478,431 (KES:48.8 million) (2015)
Total assets US$138.2 million (KES: 14.1 billion) (2015)

Consolidated Bank of Kenya commonly known as Consolidated Bank, is a commercial bank in Nairobi, Kenya, East Africa's largest economy. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator.[1]


Consolidated Bank is a medium-sized financial services provider in Kenya, focusing on meeting the banking needs of small and medium-sized enterprises (SME's) in the country. As of December 2016, the Bank's total asset valuation stood at about US$136.2 million (KES: 13.9 billion), with Shareholders' Equity valued at about US$13.7 million (KES: 1.4 billion). As at December 2016, the Bank was rated number 31, by assets, out of 40 licensed banks in Kenya.


The bank was incorporated in 1989, as a result of the merger of the following nine insolvent financial institutions:[2]

  1. Jimba Credit Corporation Limited
  2. Union Bank of Kenya Limited
  3. Kenya Savings and Mortgages Limited
  4. Estate Finance Company of Kenya Limited
  5. Estate Building Society
  6. Business Finance Company Limited
  7. Citizen Building Society
  8. Nationwide Finance Company Limited
  9. Home Savings and Mortgages Limited

Consolidated Bank aims to meet the banking needs of both individuals and institutions. In the beginning, the institution was limited to collecting the debts of the failed legacy financial institutions. However, the Central Bank of Kenya, issued CBOK with a full commercial banking license in 2001.[3]

With decades of banking experience and a special focus on SMEs, it is in a strong position to help growing businesses unlock their potential and sail through the complexities they may face.

End to end banking services include: current accounts, savings accounts, fixed and call deposits, loan and overdraft facilities, local and overseas money transfer services, and local and international trade finance. The bank is also active on the local inter-bank money market.


Consolidated Bank is fully owned by the Government with the majority shareholding in the bank (77.9%) held by the Treasury through the Deposit Protection Fund. The remaining shareholding is spread over twenty five (25) parastatals and other quasi government organizations as set out below.

Consolidated Bank Stock Ownership
Rank Name of Owner Percentage Ownership
1 National Treasury 77.9
2 National Social Security Fund 5.0
3 Kenya National Assurance 2001 2.4
4 Kenya National Assurance Company Limited 1.9
5 Kenya Pipeline Company Limited 1.6
6 Kenya National Examination Council 1.5
7 Kenya Public Trustees 1.5
8 Kenya Posts and Telecommunications Corporation 1.4
9 National Hospital Insurance Fund 1.3
10 Kenya Local Government Officers Superannuation Fund 1.1
11 Other Shareholders 4.4
Total 100.00

As of December 2015, Consolidated Bank maintains 17 branches in urban areas of Kenya.

See also[edit]


  1. ^ CBK, . "Directory of Commercial Banks And Mortgage Finance Companies" (PDF). Central Bank of Kenya (CBK). Retrieved 19 August 2014. 
  2. ^ "Consolidated Bank of Kenya - Medium Term Note Information Memorandum" (PDF). Consolidated Bank of Kenya. 21 June 2012. Retrieved 25 August 2015. 
  3. ^ Business, Daily (19 July 2012). "Consolidated Bank Upbeat As Bond Issue Closes". Business Daily Africa (Nairobi). Retrieved 19 August 2014. 

External links[edit]